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2023
Flag → Flag
Exports $542MRnk 103 / 220
2023
Flag → Flag
Top Product $323MCars
2023
Flag → Flag
Exports $54MRnk 18 / 133
2023
Flag → Flag
Top Product $8.52MSemiconductor Devices
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
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GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
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GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

United States-Armenia Trade: In 2023, United States exported $542M to Armenia. The main products that United States exported to Armenia were Cars ($323M), Vaccines, blood, antisera, toxins and cultures ($24.1M), and Delivery Trucks ($16.8M). Over the past 5 years the exports of United States to Armenia have increased at an annualized rate of 31%, from $140M in 2018 to $542M in 2023.

In 2023, United States did not export any services to Armenia.

Armenia-United States Trade: In 2023, Armenia exported $54M to United States. The main products that Armenia exported to United States were Semiconductor Devices ($8.52M), Jewellery ($8.23M), and Hard Liquor ($4.47M). Over the past 5 years the exports of Armenia to United States have decreased at an annualized rate of 0.55%,  from $55.5M in 2018 to $54M in 2023.

In 2023, Armenia did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Armenia to the United States. Conversely, were notable for importing products to Armenia from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $12.3M and imported $6.08M from Armenia, resulting in a positive trade balance of $6.24M. Between November 2023 and November 2024 the exports of United States have increased by $324k (2.71%) from $12M to $12.3M, while imports decreased by $-2.88M (-32.1%) from $8.95M to $6.08M.

Trade In November 2024, the top exports of United States to Armenia were Cars ($8.06M), Motor vehicles; parts and accessories (8701... ($4.28M), Delivery Trucks ($1.02M), Integrated Circuits ($443k), and Computers ($416k). In November 2024 the top imports of United States from Armenia were Semiconductor Devices ($701k), Water ($387k), Jams ($322k), Non-Knit Men's Coats ($315k), and Wine ($207k).

Origins In November 2024 the exports of United States were mainly from Illinois ($3.35M), California ($2.22M), Texas ($872k), Florida ($868k), and New Jersey ($799k), while imports destinations were mainly New York ($2.79M), California ($2.28M), Maryland ($204k), and Florida ($128k).

Growth In November 2024, the increase in United States's year-by-year exports to Armenia was explained primarily by an increase in product exports in Cars ($6.63M or 462%), Motor vehicles; parts and accessories (8701... ($3.32M or 346%), and Computers ($298k or 254%). In November 2024, the decrease in United States's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in Jewellery ($-2.39M or -98.7%), Non-Knit Women's Coats ($-99.8k or -35.3%), and Hard Liquor ($-42.2k or -24%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$324k(2.71%)
IMPORT GROWTH (November 2023 - November 2024)$-2.88M(-32.1%)
MAIN EXPORTER (November 2024)Illinois$3.35M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Armenia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $542M to Armenia. The main products exported from United States to Armenia were Cars ($323M), Vaccines, blood, antisera, toxins and cultures ($24.1M), and Delivery Trucks ($16.8M). During the last 5 years the exports of United States to Armenia have increased at an annualized rate of 31%, from $140M in 2018 to $542M in 2023.

In 2018, Armenia exported $54M to United States. The main products exported from Armenia to United States were Semiconductor Devices ($8.52M), Jewellery ($8.23M), and Hard Liquor ($4.47M). During the last 5 years the exports of Armenia to United States have decreased at an annualized rate of 0.55%, from $55.5M in 2023 to $54M in 2018.

Exports from United States (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Armenia
Top DestinationRussia$3.38B

This map shows whether countries import more from United States or Armenia. Each country is colored based on the difference in imports they receive from United States and Armenia or the difference in the growth in imports.

In 2023, countries that imported more from United States than Armenia included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Armenia than United States included Russia ($3.38B), Belarus ($91.7M), and Iran ($94.5M).

Difference in imports from Armenia (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Armenia

Flow
Scale

This chart compares trade between United States and Armenia by product, considering products traded by both, United States and Armenia.

During 2023, United States had a large net trade with Armenia in the exports of Transportation ($351M), Chemical Products ($45M), and Machines ($39.8M).

During 2018, Armenia had a large net trade with United States in the exports of Foodstuffs ($17.4M), Precious Metals ($12.8M), and Machines ($10.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Armenia+$14.7MCars
Top Product Potential Armenia United States+$15.8MJewellery

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Armenia. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Armenia (Flag) (2023)

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